Gold Technical Analysis 25 August 2020
Gold Technical Analysis: The Gold declined 0.43% against the USD on Monday and closed at 1928.00. Today in the Asian session, while Gold technical Analysis 25 August 2020 is preparing at 5:45 GMT, the XAU/USD trading at 1934.00, which is 0.11% higher from Yesterday’s close.
The Gold is expected to find support at 1915.00, and a fall through could take it to the next support level of 1907.00. The pair is expected to find its first resistance at 1937.00, and a rise through could take it to the next resistance level of 1954.00. Today’s expected trading range is between 1865.00, support and 1978.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1915.00
Support 2: 1907:00
Support 3: 1865:00
Important resistance levels:
Resistance 1: 1937.00
Resistance 2: 1954.00
Resistance 3: 1978.00
Gold buying opportunity for intraday trading on August 25, 2020
Buy near the support zones 1915.00 and 1907.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Gold selling opportunity for intraday trading on August 25, 2020
Sell near the resistance zones 1937.00 and 1954.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.
Crude Oil Technical Analysis 25 August 2020